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Bosnia Risks Losing IMF Arrangement

Bosnia and HerzegovinaPosted by Chambers of Commerce Sweden - Southeast Europe Tue, June 23, 2009 13:01:40
Sarajevo, June 23, Balkan Insight.com: The International Monetary Fund, IMF, has delayed decision on its €1.2 billion stand-by arrangement for Bosnia and Herzegovina, as the country has failed to implement agreed cuts to its excessive public spending. Losing available IMF support, failing to make good on crucial reform promises and caving in to lobbying from social groups will spell certain financial collapse and social and political chaos in Bosnia, experts told Balkan Insight on Tuesday.
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